OxFORD Asset Management LLP Boosts Stake in Zynga Inc. (ZNGA)
OxFORD Asset Management LLP lifted its stake in Zynga Inc. (NASDAQ:ZNGA) by 32.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 891,088 shares of the company’s stock after acquiring an additional 216,778 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.10% of Zynga worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of ZNGA. Vanguard Group Inc. raised its holdings in shares of Zynga by 0.3% during the second quarter. Vanguard Group Inc. now owns 60,801,279 shares of the company’s stock worth $221,316,000 after acquiring an additional 164,384 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Zynga by 10.6% during the first quarter. Dimensional Fund Advisors LP now owns 53,752,591 shares of the company’s stock valued at $153,195,000 after purchasing an additional 5,142,597 shares during the last quarter. BlackRock Inc. boosted its position in Zynga by 5,061.5% during the first quarter. BlackRock Inc. now owns 35,936,741 shares of the company’s stock valued at $102,420,000 after purchasing an additional 35,240,491 shares during the last quarter. Morgan Stanley boosted its position in Zynga by 30.4% during the first quarter. Morgan Stanley now owns 27,433,552 shares of the company’s stock valued at $78,186,000 after purchasing an additional 6,397,949 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Zynga by 33.4% during the second quarter. Renaissance Technologies LLC now owns 23,009,600 shares of the company’s stock valued at $83,755,000 after purchasing an additional 5,759,000 shares during the last quarter. 68.19% of the stock is currently owned by institutional investors and hedge funds.
In other Zynga news, Director Ellen F. Siminoff sold 12,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $3.77, for a total value of $45,240.00. Following the completion of the sale, the director now owns 134,478 shares in the company, valued at $506,982.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.43% of the company’s stock.
Shares of Zynga Inc. (NASDAQ ZNGA) opened at 3.78 on Monday. Zynga Inc. has a 12-month low of $2.40 and a 12-month high of $4.02. The company’s market capitalization is $3.27 billion. The company’s 50 day moving average is $3.68 and its 200 day moving average is $3.37.
Zynga (NASDAQ:ZNGA) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Zynga had a negative net margin of 10.50% and a negative return on equity of 3.83%. The company had revenue of $209.20 million during the quarter, compared to analyst estimates of $201.64 million. Zynga’s revenue was up 15.1% on a year-over-year basis. Analysts expect that Zynga Inc. will post $0.10 earnings per share for the current fiscal year.
A number of research analysts have commented on ZNGA shares. Canaccord Genuity boosted their target price on Zynga from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Zynga from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Wedbush raised their price target on Zynga from $4.25 to $4.65 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $4.00 price target on shares of Zynga in a research note on Friday, September 15th. Finally, Benchmark Co. reiterated a “buy” rating and set a $4.35 price target (up from $3.65) on shares of Zynga in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $4.06.
TRADEMARK VIOLATION WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.watchlistnews.com/oxford-asset-management-llp-boosts-stake-in-zynga-inc-znga/1603064.html.
Zynga Company Profile
Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) operating system and Android operating system and social networking sites, such as Facebook. The Company has developed a range of social games, including games in its Slots, Words With Friends, Zynga Poker and FarmVille franchises.
Receive News & Ratings for Zynga Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynga Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.